CPP advises on 1.35m Worksop warehouse acquisition Magazine

Georgetown Carr Ltd, the Barnsley-based, privately operated property company, has expanded its portfolio of economic property following obtaining a 1.35m industrial investment on Drayton Court, Manton Wood Business Park, Worksop, in the deal facilitated by leading property consultancy Commercial Property Partners LLP (CPP).

The 27,000-sq. ft. warehouse was acquired off market by Georgetown Carr and it’s currently let to international engineering company Laing O’Rourke and occupied in their Explore Manufacturing division, which was founded metamorph traditional construction methods into modern processes of assembly using lean automation and quality assurance systems.

Two and a half miles east of Worksop, Manton Wood Business Park is really an established industrial and logistics location, next to the A57 at its intersection with your A1. Nearby occupiers include Greencore, B&Q, St Gobain & Wilko who have the ability to large distribution centres within proximity of your respective subject property.

Stuart Waite, partner at CPP, has commented: “We’re happy to have secured this asset off market component Georgetown Carr. Fundamentally that is the high-quality warehouse facility if you use established business park in North Nottinghamshire with excellent major road links.”

“Let to Laing O’Rourke, an undoubted covenant, we presume you’ll discover strong prospects for future rental and capital growth with the availability of the venue and chronic shortage of supply.”

Rob Walker, Director at Georgetown Carr Ltd, has commented: “The asset fits perfectly into our existing portfolio of business investments and we are delighted to have secured this property off market. We’re also confident the asset provides chance to enhance returns from the short to medium term.”

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